Oppenheimer Adjusts Price Target on Palantir Technologies to $235 From $200
Oppenheimer has raised its price target for Palantir Technologies Inc. from $200 to $235 while maintaining an Outperform rating.
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Oppenheimer has raised its price target for Palantir Technologies Inc. from $200 to $235 while maintaining an Outperform rating.
Palantir Technologies trades at an expensive 122x forward earnings valuation despite strong revenue growth and impressive 55% profit margins. The analyst argues the stock is overvalued with too much growth already priced in, predicting it will lose value by late 2027 as investors pivot to competing AI companies like Anthropic and OpenAI. The stock would need earnings to triple to justify current valuations at reasonable multiples.
JPMorgan has initiated coverage on Palantir Technologies with an Overweight rating and a price target of $262.